Stories for May 25th 2011
Brazil’s Vale to invest 2.9bn USD in the country’s largest port by volume
Brazil’s Vale Doce, the world’s biggest iron-ore producer, said it will invest 2.9 billion US dollars to increase the capacity of the Ponta da Madeira terminal in northern Brazil, making it the largest port in the country by volume.
Uruguay/Argentine LNG floating terminal project attracts 39 industry leaders
Uruguay and Argentina have received interest from 39 companies to build infrastructure for a floating LNG terminal, a project they are fast-tracking to start operations by the end of 2013, a project adviser said Tuesday.
One fresh face in the Falkland Islands by-election line up
At least four candidates will stand for election at the Falkland Islands Legislative Assembly by-election (Stanley constituency) on June 23; only one of which has never taken up a place in former Legislative Assemblies.
Falklands reaffirms self-determination and campaign to promote success of the Islands
The Falkland Islands right to self determination “is undiminished as is the support from the UK to uphold that right and no amount of posturing by others can affect that right”, said Governor Nigel Haywood in his ‘State of the Nation’ address to the Legislative Assembly at the opening of the budget session.
Exhibits commemorate Chile’s immigrants from eight communities
Chileans of German, British, Italian, Spanish, Japanese, French, Arab and Israeli descent sacrificed part of their heritage in the late 19th and early 20th centuries upon immigrating to Chile. Though their history is oft-forgotten in modern-day Chile, new exhibitions on display in Santiago and Valparaíso this month will show more than 70 photographs and 50 personal items representing the immigrant experience.
OECD forecasts risks for world economy including ‘staginflation’
The global economic recovery still faces many risks, which could lead to “stagflation”, the OECD has said in its latest economic outlook. World growth is forecast to be 4.2% this year, down from 4.9% last year, before rising to 4.6% in 2012.
Gibraltar opposition anticipates hostility with a Spanish PP government
Gibraltar’s opposition has signalled unease with the prospect of the conservative PP forming a government in Spain in the near future. In a statement analysing the municipal results the Opposition says that Gibraltarians will feel “extremely nervous” about the prospect of the PP in power.
Uruguay the most peaceful country in Latam, says Global Peace report
Uruguay is the most peaceful country in Latin America followed by Costa Rica and Chile according to the latest edition of the Global Peace reported released Wednesday by the Institute for Economy and Peace.
Brazil/Argentina agree monthly trade meetings and gradual liberation of licences
Brazil and Argentina agreed to monthly meetings on commerce, Argentina said, as the neighbouring countries try to overcome tensions that flared earlier this month over car imports.
UK and US: an essential relationship
British Prime Minister David Cameron and US President Barack Obama have written a joint article for the Times at the start of the US State Visit to the UK.
